Daily coverage from across the country, written for the expat community
Results for “fiscal”Clear
Two vehicle dealerships in Quito's Iñaquito sector were closed after complaints from buyers who said they paid about $2,500 and never received cars. Expreso reports victims have filed complaints with the Fiscalía.
The Consejo de la Judicatura filed a criminal complaint with the Fiscalía General alleging a network solicited payments from judges and prosecutors to alter disciplinary reports. The institution says: 'No habrá encubrimientos.'
The May 6 placement of $1 billion in bonds drew $7 billion in demand from 200 international investors. Country risk is at its lowest since 2014. Here's what it means for the economy.
International investors put up $7 billion in orders for $1 billion in Ecuadorian sovereign bonds. The yield improved, the country risk hit an 11-year low, and the government says it proves confidence is back.
Ecuador is burning through diesel at a 23% faster rate to keep the lights on. Diesel prices jumped from .11 to .45 per gallon. And the government just failed — for the second time — to secure emergency thermal generation contracts.
Ecuador's Attorney General is seeking to formally charge 21 people — including a former Celec manager and former Energy Minister — with embezzlement tied to emergency contracts during the 2024 blackout crisis. Estimated damages exceed $100 million.
A young woman was abducted in Urdesa after boarding what appeared to be a legitimate ride-share vehicle. Three attackers forced her to unlock her banking apps via facial recognition, drained over $1,000, and demanded $500 more for her release.
Ecuador's riesgo país fell to 404 points on April 22, the lowest since 2015. GDP grew 3.7% in 2025, international reserves jumped 42%, and the IMF just disbursed another $394 million. Here's what the improving trajectory means for expats.
President Daniel Noboa announced cabinet changes on April 20, installing Jaime Bernabé Erazo as Minister of Health effective immediately. The Ministry of Environment and Energy will receive a new minister on April 30, with the current officeholder stepping down.
Ecuador will withhold a $98 million retention guarantee and a $36 million distributor-related guarantee — totaling $134 million — from contractor Sinohydro until parent company PowerChina assumes operation and maintenance in July 2026. The plant has 17,000+ identified distributor fissures.
Ecuador's EMBI country risk indicator closed at 409 points on April 17 — the lowest level since October 2014. The reading reflects higher oil prices, an IMF $400M disbursement, and a growth forecast upgraded from 1.8% to 2.5% for 2026. Here's what it means for cost of living and investment.
Ecuador's social security pension system has more than doubled its retiree count since 2016 — to 840,456 — while contributing affiliates have stayed flat at 3.54 million. Pension spending hits $7.55 billion in 2026, contributions cover only $3.44 billion. The IESS is requesting $3.05 billion from the government and pulling $1.41 billion from reserves. Here's what's actually happening to Ecuador's pension system.
